Mukhyamantri Yuva udyami yojana
The term “youth” resembles enthusiasm full of energy. The generation of youth is extraordinarily talented and grasp new things easily. Even after expertise in various educational fields, they lack employment opportunities. To eradicate this malady there is an alarming need for changing the pathetic scenarios of unemployment.
Government of Madhya Pradesh announced Mukhyamantri Yuva Udyami yojana on August 1, 2014, by the former chief minister Mr. Shivraj Singh Chouhan. As there is a lack of vacancies in the government sector this scheme is projected towards the beginning of the entrepreneurial system among the youngsters of the state.
For the proper implementation of this scheme, it is under the department of commerce industry and employment. This scheme is focused upon assisting the youth financially to build up enterprises and become self-reliant and self-employed.
The procedure for getting the benefits of this scheme is quite easy. The loan is provided within 15 days of the acceptance of loan application by the state government. The requirement needs to be projected to be ranging from Rs 10 lakh – 1 crore as its approximate cost the state government will be providing the grant 15% of the project this will exceed up to Rs 12 lakh as the maximum grant value.
The rate of interest is very affordable and budgetary which is only 5% of the cost per year until 7 years and similarly, the debt should be repaid within 7 years from the date of approval.
Requirements of eligibility:- the Requirements of eligibility is that
2. Education qualification of being passed till the 10th standard.
3. Age of the applicant between 18-40 years.
4. He should not be a defaulter in any of the banks.
5. A person applying for the scheme might not have been benefitting from any other government scheme while applying.
6. However any industry except service or manufacturing unacceptable.
Documents required:- the requirements of the documents for the registration under this scheme are.
1. Aadhar card
2. Caste certificate.
3. Birth certificate.
4. P.L. certificate.
5. Rented housing of industry setup
6. Academic qualification certificate
7. Applicants photographs
8. Project report
9. Resident certificate of Madhya Pradesh
Thus this scheme makes sure that any degree holder possessing extremely entrepreneur skills is not left unemployed. The youth is the backbone of the state. This big proportion will with the help of this thriving scheme enhance the economy of the state to a greater extent.
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